Tuesday 2/14 Insider Buying Report: CLFD
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Monday, Clearfield's Director, Charles N. Hayssen, made a $181,500 buy of CLFD, purchasing 3,000 shares at a cost of $60.50 each. So far Hayssen is in the green, up about 5.5% on their purchase based on today's trading high of $63.85. Clearfield is trading up about 2.8% on the day Tuesday.
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.